Germans love David Hasselhoff. Now add "asset managers" to the list of things American that Germans desire.

According to a

Reuters

story,

Allianz AG

( ALVZ) is in takeover talks with three American asset managers:

Waddell & Reed

(WDR) - Get Report

,

Franklin Resources

TheStreet Recommends

(BEN) - Get Report

and

Gabelli Asset Management

(GBL) - Get Report

. That's all happening while Allianz is talking with asset management company

Nicholas Applegate

.

If there is a deal, it would be the latest in a feeding frenzy by Allianz, which bought bond fund manager

Pimco

earlier in the year. Foreign takeovers of American fund managers have been spurred along by the weak euro, increased demand for equities and globalization.